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Retail Asia08/05/2018

Saigon Beer, Alcohol and Beverage Corporation (Sabeco) has released its consolidated financial statement for the first quarter of this year. Accordingly, Sabeco reported an increase in revenue but a decrease in profit. Notably, its consolidated net revenue was VND7.81 trillion ($343.1 million), up 4.6 per cent on-year, after-tax profit decreased by 2.7 per cent to […]

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Retail Asia23/11/2017

People with a literal taste for the outdoors will be pleased to know that more street food zones are expected to open in downtown Saigon following the success of the first two areas and the need to keep the city’s sidewalks in order. Seven out of ten wards in District 1 want to set up […]

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Retail Asia12/09/2017

Vietnam grocery retailer Saigon Co.op has launched a TV reality show on retail startups. The show called “One Billion Start up With Saigon Co.op’’ aims to find and train the next generation of successful entrepreneurs. It will kick off on October 15 and run until December 31 this year. Broadcasted weekly on HTV9, the show […]

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Retail Asia23/06/2017

The plight of traditional taxis has received little sympathy from members of the public, who say they are fed up with unreliable services. Vietnam’s second biggest taxi firm Vinasun said it lost over 4,200 drivers in the first quarter of 2017 while more than 300 of its cabs have been left in the yard due […]

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Retail Asia03/06/2017

Some are being forced to offload their assets and close with the weight of massive loans bearing down on them. Major private hospitals in Ho Chi Minh City are struggling to turn a profit despite making massive investments in infrastructure and equipment. Some of them have even called it quits or have sold out to […]

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Retail Asia02/05/2017

The KAfe, Coffee Inn and Saigon Café recently shut down, following the closure of big foreign chains Gloria Jean’s and NYDC in recent months. Discouraged by the departure of such chains, many investors have postponed their plans to open new shops. Meanwhile, more and more milk tea chains have been established, especially in the north […]

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Retail Asia22/03/2017

With Uber and other app-based car-hailing services becoming increasingly popular in Vietnam, one local taxi firm has decided to improvise in order to give its drivers a competitive edge. Vinasun, the country’s second biggest taxi firm, has found a way to boost its drivers’ incomes by turning 800 cabs in Ho Chi Minh City into […]

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Retail Asia23/01/2017

The plan will allow Tan Son Nhat to handle 45 million passengers annually. Vietnam’s Deputy Prime Minister Trinh Dinh Dung has agreed with a proposal to invest around $860 million to upgrade the congested Tan Son Nhat International Airport in Ho Chi Minh City. In the fifth meeting to discuss the airport upgrade on Friday, […]

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Retail Asia10/01/2017

The country’s aviation market is growing at the third fastest pace in Asia-Pacific as air travel has become more affordable. About 4.1 million passengers are estimated to fly from Ho Chi Minh City to Hanoi this year, putting the route among the world’s most busiest, according to the U.K.-based air travel company OAG. Latest data […]

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Retail Asia20/08/2016

Ho Chi Minh City can expect its first underground shopping mall by 2020. According to local news sources, the city’s government has sought central government approval to build a four-level Saigon underground mall beneath a station in its first metro route, from Ben Thanh market to Suoi Tien theme park. The underground complex will include […]

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Retail Asia02/08/2016

Three years after the Japanese luxury department store chain announced plans to enter Saigon, Takashimaya Vietnam opened its doors at the weekend. As the anchor tenant of downtown Ho Chi Minh City’s Saigon Center, Takashimaya takes up a whole five floors making it by far the nation’s largest department store – and likely its most […]

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Retail Asia11/07/2016

Is there too much retail space in Saigon – downtown Ho Chi Minh City – the commercial hub of Vietnam? With more than 1.1 million sqm of retail space, it looks like the Saigon retail market is oversupplied. The closing of Parkson Paragon in the city’s District 7 last month only amplified such concerns. But […]

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Retail Asia16/06/2016

A retail mall, Republic Plaza Saigon, will be part of a Ho Chi Minh City complex being developed byThuy Duong-Duc Binh Trading. Anchoring the project is a 350-room Holiday Inn & Suites hotel – the first of that brand in Vietnam.Holiday Inn is part of the InterContinental Hotels Group (IHG), which already has six properties […]

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Retail Asia05/11/2015

Wilmar International has teamed up with leading local retailer Saigon Co-op to form a joint venture for a multimillion-dollar sauce making plant in Vietnam, the Singaporean agribusiness group announced Tuesday. Wilmar International holds a 51 percent stake, worth around US$13 million, in the joint venture that will establish the Nam Duong International Foodstuff Corporation to […]

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Retail Asia20/04/2015

VivoCity Saigon opened its door Sunday (April 19) making it the second international shopping mall brand to enter Vietnam, behind Japan’s Aeon. SC VivoCity is a joint venture between Singapore-based Mapletree Investments and local supermarket operator Saigon Co-op. Mapletree will manage the centre, its fifth internationally to carry the brand; the other three are in […]

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